NEW DELHI: NIfty50 constituent firm
Grasim Industries is likely to report a sales growth of 6-7 per cent for March quarter. Margins are seen expanding year on year (YoY), but may fall sequentially. Analyst estimates vary on the company s profit figure.
Grasim is a diversified company with exposure to many sectors. The flagship company of Aditya Birla Group is a leading global producer of viscose staple fibre (VSF), the largest chlor-alkali, linen and insulators in India. Combined with its subsidiaries, UltraTech Cement and
Aditya Birla Capital, it is India’s largest cement producer and a diversified financial services player. For Grasim, we expect a steep rise in VSF prices and better demand environment to aid strong net profit growth, Sharekhan said.
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With up to 4,000% profit growth in Q4, 6 stocks emerge compelling buys
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Notwithstanding the bleak outlook for June quarter, analysts see medium-term potential in some of these names.
Companies with a year-on-year profit growth (after extraordinary items) in excess of 500 per cent and quarterly profit of at least Rs 100 crore were only considered for this study.
Nippon Life India reported Rs 166.51 crore profit for the March quarter, 3,931 per cent, or 40 times, higher than Rs 4.13 crore reported for the year-ago period. Philips Capital said the AMC was marred by erstwhile group-level issues and under-performance in the last two years, but the pace of decline in market share has got arrested and the number of unique investors has increased in the last one year.
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NEW DELHI: The recent surge in Covid-19 cases has shaken up the stock market, forcing investors to hunt for proxy plays and beneficiaries of the pandemic situation.
One such name is logistics services provider
Blue Dart Express. The stock has trebled price in the past three quarters, and scaled a new 52-week high of Rs 5,847 on March 31, 2021, rising from Rs 1,860 in July 2020. It hovered around Rs 5,355 level on Thursday.
The first wave of the Covid-19 pandemic caused disruption to a number of industries, but the logistics and delivery business flourished. Among them, Blue Dart weathered all the challenges and continued to ensure service delivery to customers. The opening up of the economy worked well for the company.
HDFC Securities Institutional Research said the prevailing lofty valuations factor in an uptick in credit, cost of funds tailwinds, and normalising credit costs in FY22.